Pakistan Eyes $1 Billion Boost with International Bonds in 2025/26

Pakistan plans to raise up to $1 billion through international bonds in the 2025/26 fiscal year, starting with $300 million from the Chinese panda bond market. Finance Minister Muhammad Aurangzeb stated that further funds will be sought from European and other markets once investment ratings improve.


Reuters | Updated: 13-06-2024 15:28 IST | Created: 13-06-2024 15:28 IST
Pakistan Eyes $1 Billion Boost with International Bonds in 2025/26
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Pakistan plans to raise up to $1 billion through international bonds in the 2025/26 fiscal year, Finance Minister Muhammad Aurangzeb told Reuters, adding that up to $300 million will be raised through Chinese markets "The first bond market we will access is the Chinese panda bond market, and our inaugural bond will raise the yuan equivalent of $250-300 equivalent," said Aurangzeb.

He said once Pakistan's investment ratings improve, the ministry plans to tap European and other markets, he added. On Wednesday, the finance minister presented the budget for the upcoming fiscal year through June 2025.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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